With Sri Lanka running out of foreign exchange reserves, the local elections that were scheduled for March 9 have been…
<p> <strong>Amid an acute economic crisis, Sri Lankan finance minister Basil Rajapaksa will visit India. New Delhi is likely to…
<p> <strong>India has almost finalized extension of another $1 billion line of credit to cash strapped Sri Lanka. Earlier during…
<p> <strong>Will Sri Lanka restructure its albatross-like external debt? After the country&rsquo;s foreign exchange reserves dipped to $1.6 billion in…
<p> <strong>Sri Lanka&rsquo;s foreign exchange reserves further dropped to $1,587 million in November 2021 &ndash; the lowest since May 2009.…
<p> Sri Lanka is once again looking at closing down the Sapugaskanda Oil Refinery as paucity of foreign exchange has…
<p> <strong>Sri Lanka&rsquo;s already battered economy contracted by 1.5 per cent in the third quarter this year as the country…
<p> Indian IT giant HCL Technologies (HCL) opened its new facility in Sri Lanka&#39;s capital Colombo at the state-of-the-art Cinnamon…
<p> Following the foreign exchange crisis in Sri Lanka, payments worth $40 billion on imports from India comprising textiles, auto…
<p> Sri Lanka lifted the control over prices of essential food items with a view to easing supply and ending…